The (BTCUSD) price extended its cautious gains in its recent intraday levels, taking advantage of the negative signals’ emergence on the relative strength indicators, after reaching oversold levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure of the EMA50, and under the dominance of the main bearish trend on the short-term basis.
The (crude oil) continued its fluctuating trading on its last intraday levels, waiting to exit sideways trading area that dominates its previous movement, taking advantage of the positive signals emerging on the relative strength indicators, after reaching oversold levels, on the other hand, it is under the main bearish trend on the short-term basis.
The (EURUSD) witnessed fluctuated trading on its last intraday levels, to surpass the support of its EMA50, to indicate the fading of the bullish momentum, especially with beginning of negative overlapping signals on the relative strength indicators, after offloading its oversold levels, intensifying the likelihoods of extending the losses in the upcoming period.
Monero (XMRUSDT) declined slightly in its latest intraday trading, as negative signals continued to appear on the RSI despite the indicator reaching oversold territory. The price is attempting to gather positive momentum that could support a recovery, leaning on the support of the 50-period simple moving average, while the broader short-term outlook remains bullish with the price moving along an upward trendline.
Therefore, our expectations lean toward a rise in the coin’s price during the upcoming intraday sessions, as long as support at 373.00 holds, targeting the key resistance level at 471.00.
The expected direction for upcoming trading: Bullish